Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Richy_T]

I know this sounds crazy for many of you. But I wanna think further than tomorrow. And wanna secure my future. I am not willing to let these people control my life. And I wont give them everything I own. So better I blow everything I have into shit. Or find a way out.

Owning shit isn't going to help you much either. It just depends what you want to protect against. There are several levels of things that can go wrong.

[Richy_T]

I actually had no clue broken tiles were so sharp, it was like a razor.

That shiny surface is glass. It all follows from there.

[Hueristic]

i wound up buying special cut/puncture resistant gloves when i did some tear out and remodeling. well worth the money (and they are pretty cheap anyways).

also have those protective chainsaw pants too. another well worth it purchase although ive never needed them thankfully.

guess cut resistant socks are next. somebody should step up and make a fortune. well maybe not but looks like at least one person here may buy a pair.

When I used to top trees (under high power lines) I had gortex boots and they saved my foot one day, well worth the investment!

But i wasn't wearing any in my kitchen!

[Hueristic]

I actually had no clue broken tiles were so sharp, it was like a razor.

That shiny surface is glass. It all follows from there.

No shit? well I'm still learning things everyday!

[Dabs]

...
This is a serious question. I was planning to buy some real estate and rent it out. Reinvest my money from crypto in safer assets to have some passive income when I am old. But if they take all that away from me, why should I invest in anything now?

...

Or find a way out.

You already have the way out, and that is Bitcoin.

Depending on where you live, other safe assets would be ETFs like the S&P500 / Total Stock Market or other such equities in your brokerage account.

I'd just keep a large chunk of it in bitcoin and cash out as needed, depending again, on where you live, what exchanges you have access to and how much you already have.

[philipma1957]

I know this sounds crazy for many of you. But I wanna think further than tomorrow. And wanna secure my future. I am not willing to let these people control my life. And I wont give them everything I own. So better I blow everything I have into shit. Or find a way out.

Owning shit isn't going to help you much either. It just depends what you want to protect against. There are several levels of things that can go wrong.

World is pretty small now and only shrinking in privacy .

Being secure and safe is very difficult to insure.

Take pandemics pretend there is a Black plauge 33% death 💀 rate for covid 25

How do you secure and be safe from that?

[Dragonfund]

I think this dip is simply millions of poor people getting 30 USD for free and immediately spending them.
We will return to normal within days I'm sure.
Bought the dip.

If you visit Reddit, you will be convinced that El Salvador has a large number of moon boys who hold bitcoin and are eager to acquire more. The 30 USD airdrop of bitcoin is too tiny to produce such a large drop in a matter of minutes, and the wallet was down that day for maintenance owing to several complaints, which were eventually resolved.

I still believe the dump was designed to cast a negative light on bitcoin adoption, as in: "Oh no, bitcoin crashed the day it became legal money in El Salvador; we wouldn't accept this in our nation.".....

But watch out, it will bounce back as usual like revenge in action movies #TERMINATOR

[ChartBuddy]

Explanation

[Torque]

@brian_armstrong
1/ Some really sketchy behavior coming out of the SEC recently.

https://twitter.com/brian_armstrong/status/1435439291715358721

It is what as known as protectionism.

Problems like this are the biggest barrier to BTC.

The SEC is working hand-in-hand with the Fed. The Fed is genuinely worried that, with their artificially suppressed interest rates, MEGA millions $$ would leave the big banks and rush to Coinbase Lend for a measly 4% return (which Coinbase will make back and then some by invested those dollars into Bitcoin as a deflationary reserve asset). It's a liquidity issue---the Fed fears any investment vehicle that would draw liquidity away from the big banks.

The truth is, that the SEC knows that big banks want to offer similar lending/interest products like Coinbase Lend in the near future, but the banks are nowhere near ready to roll this out yet (very few even have crypto custodian plans drafted yet, much less rolled out). They want to keep the money "in house", a closed loop. So they are wanting to shutdown Coinbase Lend before they get any further along with it.

A 4% return is still below the actual inflation rate, but big investors are desperately starved for yield anywhere they can find it in the world.

This is the fucked up game they are playing.

[ChartBuddy]

Explanation

[JayJuanGee]

@brian_armstrong
1/ Some really sketchy behavior coming out of the SEC recently.

https://twitter.com/brian_armstrong/status/1435439291715358721

Ok, I've seen enough. Bitcoin under $10k before the end of the year. The SEC always wins.

For sure the actions and struggles of Coinbase in regards to various shitcoins and various uncertainties of their battles with departments of the US Govt are directly correlated to BTC prices.. right? 

Let's opportunistically grasp for straws, donkey-breath.   

Please explain ur lil selfie and the charts that you provided, dude.

hahahahahahaha


I know that you cannot.   

[JimboToronto]

...donkey-breath...

I think it's actually alpaca-breath. 

[El duderino_]

[El duderino_]

@brian_armstrong
1/ Some really sketchy behavior coming out of the SEC recently.

https://twitter.com/brian_armstrong/status/1435439291715358721

Ok, I've seen enough. Bitcoin under $10k before the end of the year. The SEC always wins.

For sure the actions and struggles of Coinbase in regards to various shitcoins and various uncertainties of their battles with departments of the US Govt are directly correlated to BTC prices.. right? 

Let's opportunistically grasp for straws, donkey-breath.   

Please explain ur lil selfie and the charts that you provided, dude.

hahahahahahaha


I know that you cannot.   

You noticed…. As long my dick hangs low I’m fine   

[JayJuanGee]

If you hodl, it's best to trust Satoshi Nakamoto  

Hm?  Curious about this point.

We are trusting satoshi because he is dead, disappeared or otherwise not available and unlikely to return or for some other reason.

I understand that bitcoin is not necessarily completely trustless - but it is an attempt at trust minimization.. .. .and of course, even trust minimization has various ramifications in terms of actual applicability.

By the way, some of us peeps who proclaim to be less technically competent do have inspirations to attempt to learn more about the technicalities, but of course, learning about all of the technicalities is not completely necessary in terms of understanding the various underlying strengths of bitcoin's bullish investment thesis.

And, sure there can be a lot of people who also do not understand politics, economics, psychology, game theory and other more soft sciences - including personal financial management and prudent attempts at reasonable OPsec practices, but seems that bitcoin could inspire them to attempt to learn and/or improve those kinds of knowledge and skills, too.

For sure, it is making more and more sense to be attempting to be directing younger peeps to get involved in bitcoin and to attempt to learn various aspects of bitcoin without, hopefully, getting too distracted into some of the shitcoin related baloney.. and learning early can help to navigate the future in better ways and even perhaps invest in bitcoin along the way too, so that there is a kind of getting rich and personal self-fulfillment all built into one... even with a variety of outcomes too because even if many of us share interest in bitcoin, we still are not necessarily going to reach the same balancing of trade offs in terms of how to spend our time and our money.. and how we might learn whether we are more mathematical, more artsy fartsy, some kind of hybrid or someone with "difficult to place" talents and perspectives.

A bit late to the party with this dip, but my god if this doesn't look like a concerted effort to make Bitcoin look like shit as a country adopts it for the first time I don't know what does.

This is absolutely an effort to by larger forces to mess things up. Some of the increase over the last few months was probably due to purchasing of coins by this manipulators in preparation for this dump.

I expect I return to the spike low of 42k and some real decent buying to follow.

These arseholes are just delaying the inevitable, they know their criminal monetary episode is over, and they are starting to fight back.

Luckily for us Bitcoin has a hard limit on supply, and being that us and more (growing everyday) will keep buying the dip every time no matter what. The powers that be are fucked.

Hahahahaha

Hey what an improvement, somac blowmac!!!!!!!!

You ONLY sound a wee bit pessimistic there.  You must have had a nice vacation or something. #nohomo

 

...donkey-breath...

I think it's actually alpaca-breath.  

Yeah right.  

I am sure that the disingenuous troll/shill's feeewings are going to be a wee (wotta) bit hurtening if some of us inadequately categorize the lil dweebtwat.

[edited out]

You noticed…. As long my dick hangs low I’m fine  

No pee pics, you fuck.

 

[ChartBuddy]

Explanation

[JimboToronto]

I just had a look at previous September dips during post-halving bull runs.

In Sept 2013 it dipped about 19% from $149 to $121 (on its way to $110 on Oct 2) before soaring to $1100 before year's end.

In Sept 2017 it dipped about 40% from $5k to $3k before soaring to almost $20k before year's end.

Yesterday's little dip is just par for the course.

Go Bitcoin go.

[JayJuanGee]

Yeah JJG is all time be proud of    

I was wondering what happened to my alt..

there you are.

 

Just keeping in mind on your writing and knowledge, There are many like me who follow you as I follow you just not writing increased some knowledge. I don't know the details but there is greatly to learn from you even though mind takes a long time to read your discussion, many people are annoyed but I think there is numerous information available from there.

I admit that sometimes I do get a wee bit wordy (and repetition and muddling of ideas, too), but some ideas do tend to take a bit of time and space to flesh out, as well.

One of the seemingly great dynamics of bitcoin is that there is quite a bit of inspiration for people to share knowledge for free - and of course, we might well profit on a personal level by attempting to share knowledge and experiences (and to learn through laying out such ideas), but we might be able to indirectly (maybe not so tangibly) profit from the overall bitcoin space being somewhat better informed by attempting to debunk some of the bullshit, misleading and distracting ideas that sometimes come across some of these threads that are supposed to be mostly about bitcoin.

By the way, after a while many of us get better and better ideas about the characters behind the various avatars herein, and surely we can see some of their weaknesses and strengths - and even if we might not put some of them into our trust network, on a more informal (and perhaps subliminal) level we learn to know which ones we might be able to trust for certain kinds of information and representations.. and surely some of the guys (and even gal) that we might not even like can still be helpful in our own learning and grappling with this ever evolving space ---- (hey evolving-- but still very strong foundational aspect had already been laid by satoshi.. and there are a lot of good peeps who are assisting in carrying various aspects of the satoshi-laid mantle through time).

[ChartBuddy]

Explanation

[JayJuanGee]

I think this dip is simply millions of poor people getting 30 USD for free and immediately spending them.
We will return to normal within days I'm sure.
Bought the dip.

Oh gawd.. .   


Do you ever stop demonstrating your specialty in various aspects of retarded?

Did you read that idea somewhere or come up with it yourself?  #justasking

I know that this board has lots of single coin people, but If they come down on 90% of crypto, bitcoin would get cut not in half, but by 70-90% and here is that.

I was about to send you an smerit for the above-referenced post froggie.. for your analysis rather than whether I agreed with what you were saying, but then you made this seemingly dumb statement regarding the tail supposedly wagging the dog, and fuck that nonsense... you lost all semblance of credibility for your contributions within other decently reasonable points that you seemed to have had been making in that post prior to your falling off the reality cliff.

I know this sounds crazy for many of you. But I wanna think further than tomorrow. And wanna secure my future. I am not willing to let these people control my life. And I wont give them everything I own. So better I blow everything I have into shit. Or find a way out.

Oh my!!!!

Yes.. you come off as a wee bit crazy or at least as if you are having some difficulties getting out of black and white thinking.

One problem is to take any kind of event that has something like less than a 1% chance of happening and putting any kind of meaningful preparation into it. 

So you seem to be assigning a low probability to a scenario that you outlined, and then you are putting 100% into preparing and acting as if it were true..   That's nearly the exact definition of crazy.

Even though attempting to predict the future and trying to plan for the future, let's attempt to get back to basics.  We should strive our best to attempt to put the amount of preparation and action into scenarios in proportion to the probabilities that we assign to each of the possible scenarios.  Sure, of course, this attempting to weigh various scenarios is complicated because there are so many factors and no matter what we are not likely to even close to exactly correct, but we can still attempt to give ballpark assignments to various possibilities and just do our best and to tweak along the way by reassigning and maybe changing some of our actions based on new information and even changes in our own circumstances (psychological and financial or otherwise).

TLDR:  Do our best to ballpark estimate various scenarios and match our behaviors to our best guestimates (which includes tweakening along the way).